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Towards a Socio-Legal Theory of Contractual Risk

Gessner, Volkmar - 2011

This paper deals with the risk of opportunism – the usual risk in economic exchanges. The breach of contract is probably the most common event in daily life and has therefore attracted research and debates in many disciplines of the social sciences. Our discussion deals with the current...

Persistent link: https://www.econbiz.de/10014178200

Anarchy, uncertainty, and the emergence of property rights

Wärneryd, Karl Erik - In: Economics & politics 5 (1993) 1, pp. 1-14

Persistent link: https://www.econbiz.de/10001146158

Allocating Risk Through Contract : Evidence from M&A and Policy Implications

Coates, IV, John C. - 2015

In a hand-coded sample of M&A contracts from 2007-08, risk allocation provisions exhibit wide variation. Earn-outs are the least common means to allocate risk, indemnities are most common, followed by price adjustment clauses. Techniques for mitigating enforcement costs – escrows, holdbacks,...

Persistent link: https://www.econbiz.de/10013036593

When to attack an oppressive government?

Bilkic, Natasa; Gries, Thomas - 2012

disregarded in conflict theory. In this dynamic model of decision making we focus on the time dimension of an escalating conflict …. In order to cover the effects of high uncertainties we extend methods in real option theory by introducing a … conflicts ; uncertain investment in conflict ; theory of conflict ; decision to attack …

Persistent link: https://www.econbiz.de/10009664935

Voting under the threat of secession : accommodation vs. repression

Anesi, Vincent; De Donder, Philippe - 2011

We build a model of secession crises where voters may wish to accommodate the minority to prevent secession. We show the existence of a majority voting equilibrium with a government's type biased in favor of the minority. We propose a measure of secession risk and perform the comparative static...

Persistent link: https://www.econbiz.de/10009127585

Final-Offer Arbitration with Uncertainty Averse Parties

Çelen, Boğaçhan - 2016

Final-offer arbitration (FOA) is a widely used binding dispute resolution mechanism, where an impartial arbitrator is constrained to choose one of the two final offers pro- posed by two disputing parties. We build an equilibrium model of FOA with agents averse to arbitral uncertainty to study...

Persistent link: https://www.econbiz.de/10012999805

On Thin Ice : Risk, Return and Crash

Rötheli, Tobias F. - 2017

This paper describes results from a new experiment studying determinants and effects of economic risk-taking. In each session four subjects choose three slots for ice fishing on their portion of a frozen lake. The farther out on the lake the higher are the returns but also the higher is the risk...

Persistent link: https://www.econbiz.de/10012968931

Negotiating Risks : Sources of Uncertainty and the Impact of Reference Points on Concession-Making and Settlements

Bottom, William P. - 1997

demonstrating that reference dependent shifts in risk attitude are essential to a descriptive theory of bargaining …

Persistent link: https://www.econbiz.de/10014060711

Terrorist Network Infiltration, Asymmetric Information and Quality Uncertainty

Phillips, Peter J. - 2018

low quality (that is, not co-conspirators at all but government agents). The economic theory of asymmetric information can …

Persistent link: https://www.econbiz.de/10014043981

Counter-Cyclical Enforcement of Corporate Law

Aviram, Amitai - 2007

Corporate and securities laws are seen to mitigate corporate fraud by 'manipulating the incentives of agents': presenting corporate agents with a probability of being caught and punished if they commit fraud. This article suggests that the same laws also affect corporate fraud in a significant...

Persistent link: https://www.econbiz.de/10014052348

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